The fishing reels market in Norway experienced fluctuations over the last decade. Peaking in 2017 at $15.503M, it fell to $13.338M in 2023, reflecting varied annual performances. Recent annual variations show a consistent decline: -1.1% in both 2022 and 2023. The Compound Annual Growth Rate (CAGR) for the last five years is -1.36%, indicating a subtle downward trend.
Future trends to watch for:
- Increasing interest in sustainable and eco-friendly products.
- Technological innovations enhancing fishing reel functionalities.
- Potential market shifts due to changing fishing regulations and environmental considerations.
How does Norway rank in Fishing Reels Market Size Value?
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 150,320,000 | 2023 | +9.06% | +3.66% | View data |
| 2 | 2 France | 109,900,000 | 2023 | +3.78% | +2.51% | View data |
| 3 | 3 United Kingdom | 89,294,000 | 2023 | +2.48% | +4.19% | View data |
| 4 | 4 Netherlands | 88,760,000 | 2023 | +2.79% | +3.28% | View data |
| 5 | 5 Germany | 82,455,000 | 2023 | -2.05% | -3.02% | View data |
| 10 | 10 Austria | 19,602,000 | 2023 | +3.17% | +2.98% | View data |
| 11 | 11 Finland | 17,885,000 | 2023 | +0.42% | +3.26% | View data |
| 12 | 12 Norway | 13,338,000 | 2023 | -1.1% | -1.36% | |
| 13 | 13 Denmark | 11,495,000 | 2023 | -1.03% | -1.46% | View data |
| 14 | 14 Romania | 8,888,400 | 2023 | +2.45% | +2.24% | View data |
